MainStreet Bank (NASDAQ:MNSB) Now Covered by Zacks Research

Investment analysts at Zacks Research initiated coverage on shares of MainStreet Bank (NASDAQ:MNSB) in a research report issued to clients and investors on Wednesday, Zacks reports. The brokerage set a “hold” rating on the stock.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of MainStreet Bank in a research note on Friday, September 18th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, MainStreet Bank presently has an average rating of “Moderate Buy”.

MainStreet Bank Trading Up 0.3%

MainStreet Bank stock opened at $21.49 on Wednesday. The firm has a 50 day moving average of $24.57 and a 200 day moving average of $23.39. The firm has a market capitalization of $153.01 million, a price-to-earnings ratio of 11.02 and a beta of 0.57. MainStreet Bank has a 12-month low of $17.86 and a 12-month high of $25.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.37.

MainStreet Bank (NASDAQ:MNSB) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). MainStreet Bank had a net margin of 12.51% and a return on equity of 8.70%. The firm had revenue of $19.45 million for the quarter, compared to analysts’ expectations of $21.80 million. As a group, research analysts predict that MainStreet Bank will post 2.09 earnings per share for the current year.

Institutional Investors Weigh In On MainStreet Bank

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in MainStreet Bank in the third quarter worth $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of MainStreet Bank in the 1st quarter worth about $61,000. Toth Financial Advisory Corp increased its holdings in shares of MainStreet Bank by 1,204.4% in the 3rd quarter. Toth Financial Advisory Corp now owns 7,109 shares of the company’s stock worth $176,000 after buying an additional 6,564 shares during the last quarter. Empowered Funds LLC raised its position in shares of MainStreet Bank by 9.7% during the 1st quarter. Empowered Funds LLC now owns 34,396 shares of the company’s stock valued at $764,000 after buying an additional 3,034 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of MainStreet Bank by 20.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 166,633 shares of the company’s stock valued at $3,699,000 after acquiring an additional 28,282 shares during the last quarter. 52.29% of the stock is currently owned by hedge funds and other institutional investors.

About MainStreet Bank

MainStreet Bank is a community bank headquartered in Fairfax, Virginia, and the banking subsidiary of MainStreet Bancshares, Inc, which trades on the Nasdaq under the symbol MNSB. The bank serves businesses, professionals and individuals in Northern Virginia and the broader Washington, DC, metropolitan area.

The bank provides commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate loans, business loans, residential lending and consumer credit.